Category : EthereumWorldNews

EthereumWorldNews

Google Joins Tezos PoS Blockchain As Validator

Summary: The partnership will allow the Tezos Foundation to drive web3 innovation on the Tezos blockchain.Clients of Google’s Cloud service will receive access to tools for building blockchain applications on Tezos using the firm’s scaling...

Friendsies NFT Collection Rug Pulled After Raising $5 Million

Friendsies founders have abruptly shut down the NFT collection and all associated projects.& The rug pull was confirmed after the project’s Twitter account was deleted.The collection had raised $5 million at Christie’s auction on OpenSea less th...

NYDFS Approves Virtual Currency License For eToro’s New York Division

Summary: eToro scooped a virtual currency license allowing the investment platform to offer crypto services in New York.The New York State Department of Financial Services (NYDFS) approved eToro for two licenses, CoinDesk reported on Tuesday.NYD...

BUSD Issuer Paxos Is In Constructive Discussion With U.S SEC

Paxos Trust Company is reportedly engaged in a constructive discussion with the Securities and Exchange Commission.& The firm’s CEO stated in an email that they’re ready to defend BUSD’s non-security status through litigation.& The NYDFS had...

Polygon (Matic) Reduces Headcount By 20% As Consolidation Ramps Up

Summary: Ethereum scaling entity Polygon Labs reduced its workforce by 20% or almost 100 jobs, the protocol shared via an announcement on Tuesday.Polygon said the job cut was part of a business consolidation process from earlier in 2023.The scal...

FTX Bankruptcy Claims Sell For 16 Cents On The Dollar In Secondary Market

FTX bankruptcy claims are selling for as low as 16 cents on the dollar in secondary markets. Distressed asset funds are reportedly projecting a recovery in five years. Crypto hedge fund Galois Capital sold its claims for the bankrupt exchange for 16...

FTX Japan Set To Resume Withdrawals On 21 February

FTX’s Japanese subsidiary will allow customers to withdraw their funds starting 21 February 2023.All withdrawals will be processed through a platform called Liquid Japan.& FTX Japan suspended withdrawals in November last year following liquidity...

Justin Sun’s Huobi Seeks Hong Kong Crypto License Amid Regulatory Shift

Summary: Huobi Global applied for a crypto license in Hong Kong amid a regulatory shift from the region’s watchdog.Justin Sun’s company will also open a local affiliated names Huobi Hong Kong, the crypto billionaire announced via TwitterTh...

YPRED Token Presale is Live – World’s First AI ecosystem

San Francisco, CA, February 13th, 2023 – yPredict.ai, the innovative platform of AI/ML experts, financial specialists, traders, and investors, has unveiled its highly-anticipated presale of YPRED tokens. This is an exceptional opportunity for...

Jump Trading Is The Unnamed Firm That Made $1.28 Billion Before Terra’s Collapse

Recent reports have identified Jump Trading as the unnamed firm that made $1.28 billion from Terra.& The SEC’s complaint against Do Kown and Terraform Labs revealed that a third party helped restore UST’s peg.& Jump Trading’s deal with Terra...

FTX’ Japanese Unit May Resume Withdrawals This Month

FTX’s Japanese unit plans to let customers withdraw their funds by the end of this month.& The bankrupt exchange has asked its clients to confirm their account balances ahead of the withdrawals.The return of funds will be managed through an FTX...

Binance Mulls Shuttering Relationship With US-Based Businesses

Summary: Binance Holding Ltd is reassessing its position in the U.S. and could cut ties with its partner firms in the jurisdiction amid mounting regulatory pressure, Bloomberg reported.The news comes a few days after Paxos, the issuer of BUSD, wa...

U.S SEC Sues Do Kwon And Terraform Labs For Fraud

The SEC has sued Do Kwon and his defunct crypto firm Terraform Labs.& The fugitive founder is being charged with orchestrating a multi-billion dollar crypto asset securities fraud.The SEC has alleged that Kwon misled investors about the stabilit...

Binance Moved $400 Million From U.S Exchange To Trading Firm Managed By Changpeng Zhao

Binance reportedly transferred over $400 million from its U.S. exchange to Merit Peak, a trading firm.& Binance chief Changpeng Zhao is listed as the manager of Merit Peak.& It is unclear at this time if the transferred funds were customer d...

Mango Markets Hacker Avraham Eisenberg Fights To Keep $47 Million Loot

Summary: The accused exploiter Avraham Eisenberg launched legal efforts to retain $47 million in digital assets hacked from the DeFi platform Mango Markets.Eisenberg’s legal team argued that the two parties had agreed for the alleged attac...

Unsealed Docs Reveal Stanford Director and Ex-Dean As Co-Signers Of SBF’s Bond

A federal judge ordered Sam Bankman-Fried’s bond documents to be unsealed earlier today.& The documents revealed the names of the bond’s co-signers, which were initially redacted.& The co-signers were revealed to be Stanford Research Directo...

FTX Seeks To Clawback SBF’s $400 Million Sitting In JPMorgan Chase

FTX’s lawyers are negotiating to reclaim $400 million parked in an account at JP Morgan Chase.& Sam Bankman-Fried had invested this money into a hedge fund called Modulo Capital.& Modulo’s founders are looking to free themselves of legal lia...

Celsius Creditors File Motion To Recover Millions From Former CEO Alex Mashinsky

Summary: The Official Committee of Unsecured Creditors for Celsius hopes to recover millions from Alex Mashinsky, former CEO of the bankrupt crypto lender.Creditors also filed a motion to recover funds from co-founders Shlomi Daniel Leon, Hanoch...

FTX Subpoenaed Founder And Inner Circle, Bankrupt Exchange Demands Company Records

Summary: FTX Founder Sam Bankman-Fried was subpoenaed along with other company execs like former Alameda CEO Caroline Ellison and ex-engineering chief Nishad Singh. Bankman-Fried’s father was also served a court notice over real estate pro...

Circle Executive Quashes Rumor About Receiving Wells Notice From The SEC

Circle’s Chief Strategy Officer has denied rumors about his firm receiving a Wells notice from the SEC.& Fox reported Eleanor Terrett initially broke the news of the alleged Wells notice to the USDC issuer.& A Wells notice informs subjects o...

BLUR Token Tanks 80% Within Hours Of Long Anticipated Airdrop

NFT marketplace Blur’s airdrop went live earlier today after a three-week delay.Users were able to unlock the Ethereum-based $BLUR governance tokens that they received over the past few months.& The token’s price has decreased by more than 80% s...

Criminal Case Against Sam Bankman-Fried Prioritized Over Civil Allegations

Summary: Civil proceedings launched by the CFTC and SEC were put on the back burner, per a February 13 court ruling.U.S. Attorney Damian Williams for the Southern District of New York pushed for the move citing “judicial economy”.Wil...

FTX Turkey Excluded From Bankruptcy Case, US Judge Approves De Minimis Asset Sales

Summary: FTX attorneys argued that Turkish authorities would not work closely with U.S. courts and bankruptcy proceedings.Judge John T. Dorsey agreed with the fallen crypto exchange and ruled to exclude SBF’s Turkish division from the case...

Paxos Says Its Prepared To Vigorously Litigate Over SEC’s Wells Notice

Paxos has categorically disagreed with the allegations made by the SEC in a recent notice. The Wells notice accused the BUSD issuer of violating investor protection laws by issuing the stablecoin. The stablecoin firm revealed in a statement that it...

Breaking: Circle Tipped Off NYDFS About Insufficient Reserves At Binance

Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens.& The USDC issuer warned the NYDFS about Binance not having enough crypto in its reserves to back its tokens.& Binance’s stablecoin partner Paxos...

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